Fidelity Intermediate Municipal Income Fund FLTMX

Medalist Rating as of Apr 25, 2026 See Fidelity Investment Hub

NAV / 1-Day Return$9.99 / −0.40%
Fund Size$12.8B
Adjusted Expense Ratio0.370%
Net Expense Ratio0.370%
Fee Level: DistributionLow
Share Class TypeNo Load
Morningstar CategoryMuni National Intermediate
Fixed-Income Style Box (Funds)Medium/Moderate
Minimum Initial Investment$0
Investment StatusOpen
TTM Yield3.05%
Average Effective Duration5.72 yrs

NAV and 1-Day Return as of Nov 14, 2026, 5:32:39 AM

Will FLTMX outperform in the future?

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Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FLTMX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FLTMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of FLTMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A top pick for muni investors.

Tom Murphy

Associate Director

Summary

Fidelity Intermediate Municipal Income’s seasoned team applies a consistent and risk-aware process that has historically offered investors a smoother ride than many muni national intermediate Morningstar Category peers.

by Tom Murphy

Rated on Apr 25, 2026 Published on Apr 25, 2026

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Portfolio Holdings FLTMX

More FLTMX Holdings

Current Portfolio DateNov 13, 2026
Equity Holdings—
Bond Holdings—
Other Holdings—
% Assets in Top 10 Holdings6.9

Top 10 Holdings	% Portfolio Weight	Market Value USD	Sector
Fidelity Municipal Cash Central	2.83	353M	Cash and Equivalents
BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%	0.91	113M	municipal
BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%	0.89	111M	municipal
MAIN STR ENERGY INC GA ENERGY PROJ REV 5%	0.80	100M	municipal
MAIN STR ENERGY INC GA ENERGY PROJ REV 5%	0.75	93M	municipal
Net Other Assets	0.74	91M	—
LOWER ALA GAS DIST GAS PROJ REV 5%	0.62	78M	municipal
BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%	0.62	77M	municipal
Texas Mun Gas Acquisition & Su Bds 5.25%	0.62	77M	municipal
ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5%	0.61	75M	municipal

Fidelity Intermediate Municipal Income Fund FLTMX

Morningstar’s Analysis FLTMX

Will FLTMX outperform in the future?

Process Pillar

People Pillar

Parent Pillar

A top pick for muni investors.

Summary

Portfolio Holdings FLTMX

Fidelity Municipal Cash Central

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

MAIN STR ENERGY INC GA ENERGY PROJ REV 5%

MAIN STR ENERGY INC GA ENERGY PROJ REV 5%

Net Other Assets

LOWER ALA GAS DIST GAS PROJ REV 5%

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

Texas Mun Gas Acquisition & Su Bds 5.25%

ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5%

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